Recently, many P2P traders in Pakistan using Binance have reported their bank accounts being frozen without any prior warning or clear explanation.
This is causing major issues for users who rely on P2P to buy and sell crypto legally. Some traders find themselves unable to access their own funds for weeks, facing lengthy bank investigations despite having proper transaction records.
🔍 Possible Reasons
Banks suspecting “unusual activity” due to frequent crypto-related transfers.
Lack of clear local regulations for crypto transactions.
Misinterpretation of P2P trades as suspicious by bank compliance teams.
💡 Suggested Solutions
Use Trusted Bank Accounts — Avoid accounts that you also use for high-risk or unrelated transactions.
Maintain Full Transaction Proof — Keep screenshots, chat logs, and receipts of every P2P trade.
Engage with Your Bank — Inform your bank in advance if you will be making regular high-volume transactions.
Community & Legal Action — Crypto communities in Pakistan can collaborate to push for clearer regulations and legal protections for P2P traders.
Consider Multiple Accounts — To avoid full lockouts, don’t rely on a single bank for all P2P activity.
📌 Bottom Line:
P2P trading is legal in Pakistan, but unclear policies create uncertainty. Until proper regulations are in place, traders must take extra precautions to protect their accounts.
